Paxos Targets Hyperliquid’s Growing Perpetual Futures Market with USDH Stablecoin

TLDR Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem 95% of interest earned from USDH reserves would be used to buy back HYPE tokens Hyperliquid has opened proposals for teams to issue a USDH stablecoin on its network Existing stablecoin protocol Hyperstable has called the process “unfair” as they were previously [...]

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